State of the Naira · Feb 2026

12–25 Feb

⚡ Dramatic Naira swing – verified NairaFX data Feb 12–25 shows powerful appreciation then correction.

Dollar rate today
Naira strengthening why
USD/NGN forecast Feb26
CBN update

USD/NGN · Feb 12–25

Date	Rate	Direction
Feb12	₦1,426	Stronger
13	₦1,418	Stronger
14	₦1,400	Strong Breakout
15	₦1,385	Stronger
16	₦1,375	Stronger
17	₦1,364	Stronger
18	₦1,359	Mild Strength
19	₦1,342	Strong Breakout
20	₦1,330	Stronger
21	₦1,350	Correction
22	₦1,356	Mild Weakness
23	₦1,371	Strong Weakness
24	₦1,395	Strong Weakness
25	₦1,397	Pullback

Phase 1: Appreciation (12–20 Feb)

₦96 gain
8 sessions
1,426→1,330
🔥 Feb14: 1,418→1,400
🔥 Feb19: 1,359→1,342
Feb20: 1,342→1,330

7‑day MA: ₦1,441 → ₦1,365 · volatility Moderate→Strong

Phase 2: Correction (21–25 Feb)

From ₦1,330 → 1,350 → 1,356 → 1,371 → 1,395 → 1,397.
⬇️ Pullback ₦67 from peak. correction, not reversal

What data tells us

Institutional / liquidity influence, reduced speculation.
S/R: support 1,330·1,342; resist 1,371·1,395·1,400.
Volatility: strong swings, high‑activity environment.

📌 Official:
CBN
FMDQ

What this means

Importers: mid‑month pricing improved, but caution.
Students: best window ~₦1,330 (Feb19‑20).
Traders: consolidation 1,330‑1,400, more volatility.

Big picture: recovering?

✔ momentum, liquidity, confidence – still stronger than early Feb.

⚠ sensitive to demand pressure

🔮 Short-term forecast

Bullish Naira: retest 1,330
Neutral: 1,350‑1,390
Bearish Naira: break 1,400

Key level: ₦1,330 most critical zone.

Final thoughts

• ✅ Strong appreciation wave & technical correction
• ✅ High volatility, new S/R zones formed

The Naira is not collapsing — actively repricing in dynamic FX.

NairaFX tracks: daily rate · volatility · sentiment

*data NairaFX Feb2026 · for official rates see CBN/FMDQ